USDJPY Daily Analysis – February 12, 2018

USDJPY broke below 108.28 support, suggesting that the downside movement from 113.75 (Dec 12, 2017 low) has resumed. Further decline is still possible and next target would be at 107.31 (Sep 8, 2017 low) support. Near term resistance is at 109.30, only break above this level could bring price back to test 110.48 resistance.

USDJPY 4-hour chart